TCI Finance Receives 'Hold' Rating from MarketsMOJO, Shows Bullish Trend and Strong Performance

TCI Finance, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO on November 13, 2024. This upgrade comes as the stock has shown a bullish trend and has generated a return of 11.13% since November 6, 2024. The technical indicators such as MACD, Bollinger Band, and KST are all pointing towards a bullish outlook for the stock.
Despite its attractive valuation with a price to book value of -0.3 and a return on equity of 0.9, TCI Finance is currently trading at a fair value compared to its historical valuations. However, the company has shown a strong performance in the past year with a return of 391.37%, while its profits have increased by 81%.

The majority shareholders of TCI Finance are non-institutional investors, indicating a strong interest in the company from retail investors. The stock has also outperformed the BSE 500 index in the last 3 years, 1 year, and 3 months, showcasing its market-beating performance in the long term as well as the near term.

However, the company's long-term fundamental strength is weak with a negative book value and poor growth in net sales and operating profit. In the latest quarter, TCI Finance reported flat results with the lowest PBDIT and PBT LESS OI at Rs -0.46 crore and the lowest EPS at Rs -0.39.

Overall, while TCI Finance has shown a bullish trend and strong performance in the past year, its long-term fundamentals are weak. Investors may consider holding the stock for now, but further research and analysis are recommended before making any investment decisions.